'Liquidity supernova' keeping markets afloat, Europe in demand - BAML

The $1 trillion of financial assets that central banks in Europe and Japan have bought so far this year is the best explanation for the gains seen in global stocks and bonds despite lingering political risks, Bank of America Merrill Lynch said on Friday.
If the current pace of central bank buying, dubbed the "liquidity supernova" by BAML, continues through the year, 2017 would record their largest financial asset purchases in a decade, the broker said in its weekly report on investment flows.
Shorter-term investor flows pointed to a mild "risk-off" with $3.8 billion... read more

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